The Kenwood Collection is a retail complex that includes Crate & Barrel, The Container Store and Mitchell?s Salon & Day Spa. Saks Fifth Avenue plans to move there in 2016 from Downtown.

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A director of a firm tasked with developing Kenwood Towne Place told a federal jury Tuesday that he did not divert loan money intended for the project to other uses.

Matt Daniels, who is facing conspiracy to commit bank fraud and other charges, is accused of misleading lender Bank of America on the status of the project that would have created a more than $150 million retail and office complex next to Kenwood Towne Centre.

"My understanding is you don't do that," Daniels told the jury in front of U.S. District Judge Michael Barrett. ...